(Not) boring finds for August 2019
On the docket this August is another memo from Howard Marks; a guide on the recent yield curve inversion; Jim O’Shaughnessy on the challenges but potential upsides of active investing; and the reminder that investors have more of a time horizon than they think.
Howard Marks – On the other hand
Mr. Marks’ latest memo reflects on the role and power of Fed interest-rate management.
A helpful overview of, at times, a convoluted topic.
Talks at Google – Jim O’Shaughnessy: What works on Wall Street [video, 1 hr 3 min]
Revisiting some of the themes of his influential book, What Works on Wall Street: The Classic Guide to the Best-Performing Strategies of All Time, James Patrick O’Shaughnessy discusses why it’s hard to be an active investor, and why certain value investing strategies can still produce strong results.
The slides from his presentation can be found here.
The Irrelevant Investor – It’s hard to think long-term
Why it’s hard, but important, to remember to think long-term: “most investors have way more time than they realize.”